This property looks like a bad Mid-Term investment with a projected -12.08% first-year return on $141k initial cash invested.
-12.08%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$3,724
Rent
-$1,422
Cashflow
Cash Flow
$3,724 income − $5,146 expenses = $1,422 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,872
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,724
Total Expenses
$5,146
Mortgage P&I
87%
$3,230
Property Taxes
12%
$430
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410